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Rise of business activity in Porto makes local business tax reach its maximum
23 February 2017
Rise of business activity in Porto makes local business tax reach its maximum
The local tax related to business activities recorded a revenue of more than 20 million euros in 2016, in Porto, the highest of the last ten years, and more than twice than 2012, when it reached the lowest result of the century.

Porto’s City Council received in the last year a revenue of 20,860,133.32 euros, the highest of the decade. In 2006, the same tax, related to the income obtained by the companies based in Porto, was less than 14 million (13,930,350.35 euros), having grown until 2009, when it reached 18 million, and then fall successively to 10,346,661.84 euros in 2012. Since 2013, the year in which the executive of Rui Moreira took office, this revenue has been suffering from fluctuations between 11 million and 16 million euros, surpassing, in 2016, the 20 million for the first time.

As a comparison, it should be noted that this revenue was, at the beginning of the century, no more than 15 million euros. Rui Moreira has demanded a better knowledge about the tax collection by the municipalities to be able to make the rates even more flexible, which is, finally, promised by the current Government. Currently, in the City of Porto, there is a reduced local tax for the lowest billing companies (up to 150 thousand euros), in order to protect small businesses.
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